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MCC Daily Tribune Archive

Federal Loans vs Private Loans


MCC students may need an educational loan to pay for college expenses. Please inform your students that federal loans usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources.

To get some tips to help your students apply for a federal student loan and to get more information about the differences between federal and private education loans, the various kinds of federal loans offered and the dollar amounts available go to: https://www.federalstudentaid.ed.gov/federalaidfirst/index.html.
 

Ramon L. Rodriguez
Financial Aid
04/10/2009